Venture asset manager Sigma Capital has launched the Sigma Capital Fund I, a $100 million initiative aimed at reinforcing the UAE’s position as a leader in blockchain innovation and institutional investment. This fund is designed to stimulate advancements in Web3, specifically targeting early-stage ventures in the region and beyond. The scope of the Fund includes...
PowerChina is reaffirming its commitment to expanding operations and increasing investments in the renewable energy sector within the Gulf region. Jin Huibin, the Country Representative and Commercial Manager of PowerChina, emphasized that the Middle East, particularly the Gulf countries, offers numerous large-scale projects and significant investment opportunities. His statements were made during the World Future...
Masdar, a prominent player in the clean energy sector, has set an ambitious goal of achieving 100 gigawatts (GW) of clean energy capacity worldwide by 2030. Fatima Al Suwaidi, who leads Development & Investment for the Asia-Pacific region at Masdar, mentioning this commitment during the Abu Dhabi Sustainability Week 2025. Al Suwaidi stated that this...
President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Dr. William Samoei Ruto, President of Kenya, participated in the signing of the UAE-Kenya Comprehensive Economic Partnership Agreement (CEPA) at Qasr Al Bahr in Abu Dhabi. This far-reaching agreement aims to deepen trade and investment ties, strengthen supply chains, and enhance market access...
Ministers and officials in the UAE have expressed strong support for the recently signed Comprehensive Economic Partnership Agreement (CEPA) with New Zealand. They view this agreement as a strategic move to enhance bilateral economic relations and improve cooperation in key sectors such as advanced technology, clean energy, agriculture, and financial services. The CEPA is set...
Catalyst, the first technology startup accelerator in the region focused on sustainability and clean technology, announced three new direct investments and the launch of its tenth cohort of startups. This announcement was made at the World Future Energy Summit in Abu Dhabi on January 14, 2025. The new investments include AeD energy, Batsand, and Solumar,...
Halo AI, a company focused on transforming brand and creator collaborations, has successfully closed a seed funding round of US$6 million. The funding round was led by Raed Ventures and Shorooq, and included participation from strategic investors such as former senior executives from Snapchat, leaders from Microsoft and Airbnb, as well as executives from Amazon...
Intelex Vision, a company focused on AI-driven video analytics for real-time surveillance, has successfully raised £5.6 million ($7.0 million) in a Series A funding round. This funding was supported by prominent investors including Acurio Ventures, Adara Ventures, and Inveready. The recent investment comes as Intelex Vision reports an impressive growth, with its revenues increasing 11...
On January 13, 2025, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, along with Anwar Ibrahim, the Prime Minister of Malaysia, witnessed the signing of a Memorandum of Understanding aimed at fostering joint investment in artificial intelligence (AI). This agreement...
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has given his approval for the establishment of an organic honey products factory and laboratory in the central region of Sharjah. This facility is set to produce not only honey but also pharmaceutical and cosmetic materials that are derived...